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Sold on 09/23/2024
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209 S Willow Ave, Compton, CA 90221

$1,350,000

Last sold 09/23/2024 after 264 Days

  • —

    bed

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    bath

Multi-family not for sale

About 209 S Willow Ave

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Lot size 6,758 Sqft
Rental estimate
Property description
209 S. Willow Avenue offers a buyer an excellent investment opportunity to purchase a 6-unit building in Compton, California. Compton is known as the "Hub City" because of its exact geographical location in the center of Los Angeles County with easy access to all Los Angeles area freeways. This property is located next to the Alameda Corridor, a passageway of 25 percent of all U.S. waterborne international. Compton is rapidly emerging as a large industrial center in Los Angeles County for transit and distribution, business services, high technology, home and lifestyle products, metals, financial serves and textile manufacturing. This investment opportunity consists of (1) one bedroom/one bathroom, (4) two bedroom/one bathroom and (1) three bedroom/two bathroom units. This property also features carports, large floorplans, and on-site laundry. It offers a new owner the opportunity to easily increase rents and further increase the already high cash on cash return.
Listed by
Listing Agent - Doug Rodermund
Listing Agent Contact: Dsr@morganskenderian.com
Listing Office - Morgan Skenderian
Source: CRMLS mls logo
MLS#PW24001577 • last updated 2 years ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1551
Lot Size (SqFt) 6758
Property Tax 17563
Year Built 1963
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 5301
Parking Assigned
# Carport Spaces 5
# Parking Spaces 5
Lot Description Lot 6500-9999
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Gutters, Sidewalks
Zoning COPRH*
Directions South Of Compton Blvd And East Of Alameda St
APN 6179002025
Multifamily Details
Vacancy Allowance 2373
Expense: Trash 2114
Operating Expense 36964
Cap Rate 5.7
Expense: Insurance 2626
Total Expenses 36964
Expense: Maintenance 7119
Expense: Water/ Sewer 2114
Gross Operating Income 116282
Expense: Electric 2114
Gross Multiplier 11.84
Gross Scheduled Income 118656
Expense: Fuel 2114
Expense: Gardener 600
Rental est.: $1,933/month
Gross rent multiplier: 58.2
  • Sep 2024
    mls logo MLS # PW24001577
  • Sep 23, 2024 Sold
    $1,350,000
  • Jan 3, 2024 Listed
    $1,405,000
  • Sep 2024
    Public Records
  • Sep 12, 2024 Sold
    $1,350,000 (-3.9%)
  • Jul 2023
    mls logo MLS # PW22211157
  • Jul 26, 2023 Price Change
    $1,405,000 (-0.7%)
  • May 16, 2023 Price Change
    $1,415,000 (-5.4%)
  • Mar 27, 2023 Price Change
    $1,495,000 (-14.1%)
  • Sep 28, 2022 Listed
    $1,740,000 (+70.6%)
  • Sep 2018
    Public Records
  • Sep 20, 2018 Sold
    $1,020,000 (-15.0%)
  • Oct 2017
    mls logo MLS # PW17242881
  • Oct 24, 2017 Listed
    $1,200,000 (+189.2%)
  • Jul 2014
    Public Records
  • Jul 18, 2014 Sold
    $415,000
  • Year Property taxes Tax assessment
  • 2024
    $19,898 +1.2%
    $1,115,515
  • 2023
    $19,670 +6.1%
    $1,115,515 +2.0%
  • 2022
    $18,538 -0.9%
    $1,093,643 +4.04%
  • 2021
    $18,710 +1.8%
    $1,051,177
  • 2020
    $18,388
    $1,051,177
  • 209 S Willow Ave
    $1.35M
  • Downtown Compton
    — -100% y/y
  • 90221
    $625K -3% y/y
  • Compton
    $617K 0% y/y
No chart available
Statistics calculated by Movoto

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4/10
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6/10
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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